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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: goldsheet who wrote (2241)9/20/2001 12:51:29 PM
From: russwinter  Read Replies (2) of 4051
 
<All of the base metals are at or near multiyear lows>

Obviously signaling an economic collapse is at hand. 64 cent copper, etc, etc, not too many are making money at those prices. People are also assuming (to quote Neville Chamberlain), "peace in our times". Apparently no discounting for a war (will use up material like no tomorrow), or key resource supply disruptions.

Here are LME inventory numbers. How does this look historically? Some seem quite low. Do you have prior charts on this?

aluminum 708,400 mt
copper 688,550 mt
lead 104,775 mt
nickel 16,278 mt
tin 20,595 mt
zinc 358,675 mt
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